How Credit Card Debt Affects Your Credit Report
Credit card debt can have an affect on your credit score rating – it will either
help it or harm it. Obviously, you have to make at least your minimum payments on
time. One thing you should not do is to not max out your credit card. You should
always have a certain amount of available credit at your disposal as this looks
far more responsible to the credit reporting agency. The best way to manage credit
card debt in terms of your credit score, is to either pay off your balance entirely
or at the very least maintain some available credit.